🔥 Bitcoin's Sharpest Rally in Five Months Flips Markets From Bearish to Coin Flip.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bitcoin jumped as much as 8.7% Wednesday to an intraday high of $69,749, its steepest one-day move since March 4 and its highest price since June 1. On Myriad, prediction odds flipped from roughly 70-30 favoring a bearish decline to a near coin flip within 24 hours. Treasury plan to double its long-bond buybacks and more than $1 billion in short liquidations wiped out in a single hour. Bitcoin ripped through $69,000 Wednesday, climbing as much as 8.7% to an intraday high of $69,749.
That's the steepest one-day move since March 4 and the highest price Bitcoin has touched since June 1. Traders hadn't seen a green candle like this in more than five months. The charts have one read, and prediction markets have another. A mere 24 hours ago, traders on Myriada prediction market operated by Decrypts parent companywere sure there was more pain in store for Bitcoin ahead.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#SECryptoRegulation #AICryptoIntegration #TonEcosystem
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bitcoin jumped as much as 8.7% Wednesday to an intraday high of $69,749, its steepest one-day move since March 4 and its highest price since June 1. On Myriad, prediction odds flipped from roughly 70-30 favoring a bearish decline to a near coin flip within 24 hours. Treasury plan to double its long-bond buybacks and more than $1 billion in short liquidations wiped out in a single hour. Bitcoin ripped through $69,000 Wednesday, climbing as much as 8.7% to an intraday high of $69,749.
That's the steepest one-day move since March 4 and the highest price Bitcoin has touched since June 1. Traders hadn't seen a green candle like this in more than five months. The charts have one read, and prediction markets have another. A mere 24 hours ago, traders on Myriada prediction market operated by Decrypts parent companywere sure there was more pain in store for Bitcoin ahead.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#SECryptoRegulation #AICryptoIntegration #TonEcosystem